1539 W Devon is a fully occupied fourteen unit SRO property that is made up of twelve (12) residential units and two commercial spaces on Devon Avenue. The property consists of eight (8) efficiency units with shared bathrooms, three (3) efficiency units with kitchenettes and shared bathrooms, and one larger studio apartment with a private bath. There is also a two-car garage in the rear that is currently leased. The property just received updated porches on a repair and replace permit, has a new hard-wired fire alarm system, newer boiler, and updated electrical. The roof was torn off and replaced approximately ten years ago. The residential tenancy in the building is long-term, with some tenants having been in the building for over 10 years. Because of this, the property runs more like a typical apartment building than an SRO property. The opportunity with this asset is to acquire a property that will cash flow significantly higher than a straight-forward apartment property in the surrounding area, with the opportunity to convert into a higher end apartment property with two commercial units. • Kiser Group • Matt Jones • Brian Mond For More Information: (773) 506-4016 or info@edgewaterdev.org. « show less

1539 W Devon is a fully occupied fourteen unit SRO property that is made up of twelve (12) residential units and two commercial spaces on Devon... show more »

1539 W Devon is a fully occupied fourteen unit SRO property that is made up of twelve (12) residential units and two commercial spaces on Devon Avenue. The property consists of eight (8) efficiency units with shared bathrooms, three (3) efficiency units with kitchenettes and shared bathrooms, and one larger studio apartment with a private bath. There is also a two-car garage in the rear that is currently leased. The property just received updated porches on a repair and replace permit, has a new hard-wired fire alarm system, newer boiler, and updated electrical. The roof was torn off and replaced approximately ten years ago. The residential tenancy in the building is long-term, with some tenants having been in the building for over 10 years. Because of this, the property runs more like a typical apartment building than an SRO property. The opportunity with this asset is to acquire a property that will cash flow significantly higher than a straight-forward apartment property in the surrounding area, with the opportunity to convert into a higher end apartment property with two commercial units. • Kiser Group • Matt Jones • Brian Mond For More Information: (773) 506-4016 or info@edgewaterdev.org.

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